Global Beer Market is expected to reach $792.2 bn by 2022

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According to a new report, Global Beer Market, published by KBV Research, the Global Beer Market is expected to reach $792.2 Billion by 2022, growing at a CAGR of 7.2% during 2016 -2022.

The Strong Beer market dominated the Global Beer Market in 2015, and would grow at a CAGR of 7.8% during the forecast period. The Light Beer market is expected attain a market size of $250.7 Billion by 2022.

The Europe market contributed the larger revenue share to the Global Light Beer Market in 2015, and would grow at a CAGR of 4.9% during the forecast period. However, North America market is expected to grow at CAGR of 4.4% during 2016-2022.

The Macro Brewery market registered the highest share in the Global Beer Market in 2015, and is anticipated to grow at a CAGR of 6.3% during the forecast period. The Normal Category market dominated the Global Beer Market in 2015, and is expected to grow at a CAGR of 6.6% during the forecast period.

The report highlights the adoption of Beer globally.Based on Product Type, the market is segmented into Light Beer and Strong Beer. Based on Production, the market is segmented into Macro Brewery and Micro Brewery. Based on Category, the market is segmented into Premium Category,Super Premium Category, and Normal Category. Based on Packaging, the market is segmented into Canned Beer,Bottled Beer, and Draught Beer.The report also covers geographical segmentation of Beer market.The geographies included in the report are North America, Europe, Asia-Pacific, Middle East and Africa. For the better analysis, the geographies are segmented into countries.